Planning for Your Future

Providing for Your Family

Life Insurance
Term Life Insurance

At ValleyWide, we provide term life insurance options for specific time periods. For those who don't have life insurance, starting with this plan can be a great choice. Term life insurance is much less expensive than permanent (whole) life insurance.

 

This term insurance comes in varying time periods with fixed premium options ranging from a 1-year annual renewable term to a 20-year level term. You may also be able to convert your term life insurance into permanent coverage.

Whole Life Insurance 

Whole life insurance is a type of permanent insurance plan that has a lifetime validity, provided you continue to pay the premiums as dictated in the policy. This insurance is also a good investment opportunity that allows you to build cash value over time.

Universal Life Insurance

This is a form of permanent life insurance where the premiums are flexible. The face amounts and pricing structures are also not rigid. It can build good cash value, earning a periodically adjusted insurance rate that's set to not fall below a certain level.

When to Update Your Policy

With your changing life and rapidly evolving lifestyle, you may feel a need to change your life insurance coverage plans as well. Some events that can initiate a plan update include:

  • Marriage or divorce

  • New child or grandchild

  • Expansion of business

  • Deterioration of your or your spouse's health

  • Starting to provide care or monetary assistance to a parent

  • Assistance or long-term care required by your child or grandchild

  • Purchase of a new home

  • Planning for education of your child or grandchild

  • Concerns about income after retirement

  • Refinancing your home mortgage in the past 6 months

  • Receiving any inheritance

  • Possession of a sizable estate

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